T-Mobile US (NASDAQ:TMUS) Price Target Raised to $240.00

T-Mobile US (NASDAQ:TMUS) had its price objective increased by Bank of America from $220.00 to $240.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.

Several other analysts also recently issued reports on the stock. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $208.00 to $221.00 in a research report on Wednesday, October 2nd. Oppenheimer lifted their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Citigroup boosted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI raised their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $238.89.

T-Mobile US Trading Up 5.7 %

TMUS opened at $233.56 on Thursday. The company has a market cap of $272.51 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51. The company has a fifty day moving average price of $204.75 and a two-hundred day moving average price of $184.44. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US has a 1-year low of $137.69 and a 1-year high of $234.40.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. Analysts predict that T-Mobile US will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.51%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 32.58%.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On T-Mobile US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.